Earlier I wrote another post about predicting the spend of a single known customer. There is a related problem which is predicting the total spend of all your customers, or a sizeable segment of them.
Why do we need to predict customer spend? You may have read my previous post about customer churn prediction. Another similar problem that’s just as important as predicting lost customers, is predicting customers’ daily expenditure.
Long forms reduce conversion rates You may have had the experience of filling out a long form on a website. For example, creating an account to make a purchase, or applying for a job, or renewing your car insurance.
Why is face recognition everywhere? Face recognition technology has existed for quite some time, but until recently face analysis was not accurate enough for most purposes. Now it seems that face recognition is everywhere:
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